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FNC senior legal analyst Judge Andrew Napolitano on HSBC’s $1.9B settlement over accusations of money laundering.
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-- just -- -- committed beyond sop to this week with.
The largest fine ever pay by a bank one point nine billion dollars to the Justice Department to settle.
-- money laundering case but did HSBC really commit a crime -- What's this perhaps a money grab by the government Fox News senior judicial analyst judge ended a -- -- again without.
Unique take on this case judge you say and it's all about the money.
Well the answer your question did they commit a crime -- the true answer is we won't know.
Because the case will never be tried right because HS CP coughed up one and a half billion dollars who has the -- have billion dollars go to any victims of this crime.
Iran -- victims of the crime.
Does the one they have been doesn't go to pay restitution nobody was harmed so this -- restitution -- it goes to the federal treasury it was a money grab by the treasury and here's.
What the government said HS CB at the bank did.
Here's at the bank admitted it did.
And that is engaged in money laundering outside the United States.
So how does the Justice Department.
Prosecute criminal activity that occurs outside the United States.
If if someone into what has facilitated by someone in the united something course that is the argument so -- for Justice Department officials to say.
These people work tutored.
Outside the United States in how to avoid aid.
Disobeying the law that's what lawyers do is they tutor clients into how to avoid -- -- -- Here's your here's your product here's your goal you wanna get from a debate but what a horrible -- horrible idea how to do it lawfully.
Do lawyers to to clients on how to get around anti terrorism rules.
Depends what you mean they get around if it means do business so as not to violate every day.
If it means trick the government will -- lawyers participating in a conspiracy running like crazy laws used to doing knows tricking the finding a way around the system in order to hear a computer -- -- -- -- here's my argument on this two fold and again.
Where we're arguing in a vacuum yet because we've -- on the facts because these cases always settle.
All the cases in Wall Street there wasn't a single trial although hundreds of millions of dollars of billions of dollars.
There were coughed up to the feds and to the state of new York and Wall Street not a single trial.
No let's cross examined no jury made any finding the banks caved because they want -- to go -- the banks that they got a deal the government but it got to deal.
The government gets to use that money without proving that anyone was Smart.
The behavior occurred outside the United States before.
Thirty years ago.
That behavior would have to be prosecuted in the place where it occurred okay now can be prosecuted by federal prosecutors what does that mean -- that means that behavior.
In the United States can now be prosecuted by prosecutors in other countries.
Because -- reciprocal here we'll come back to bite the Justice Department why because the Justice Department.
Was looking for the cash -- have a question put it off off the offer this story and the changing gears by source statement early today about.
Libertarians and a belief in god.
The state was I don't believe -- god is that the libertarians take.
On religion I don't think so I don't think so libertarians -- -- here.
Well libertarians of course I have -- different views and different subjects all across the board most libertarians.
Would -- go along with Jefferson's argument in the declaration of independence we are endowed by our creator with certain inalienable rights the liberation argument is.
That our rights come -- -- come from our humanity and I humanity as a gift from god.
-- your humble correspondent is an old fashioned pre Vatican two Roman cap -- unless the Latin mass where the -- faces the altered actress she's too young even -- that.
I would give anything to have that back I don't understand the responses anymore and -- most everything.
And many many libertarians.
Feel that way.
About about tradition and about a traditional recognition of the existence of god.
Thank you for clearing that up let's -- and that really criticized senator Christmas scene you know I remember my prayers and line.
Let me really not here not there it's hot today not.
Yeah.
